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Tag Archives: Chinas

China’s IT Ministry Says Blockchain Should Be Developed on Industrial Scale

The deputy director of China’s Ministry of Industry and Information Technology (MIIT) has urged the country to “unite” forces to foster blockchain as a “core” technology for the new digital economy, according to a post on MIIT’s official website today, July 16. Speaking at the 2018 National Expert Forum on Manufacturing Powerful Countries, the Ministry’s deputy director Xin Guobin said ...

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Bitcoin Yuan Trading Below 1% of Global Total after Crackdown, Says China’s Central Bank

The much-publicized and controversial crackdown by China’s central bank on the country’s domestic cryptocurrency sector has had its desired effect. The People’s Bank of China (PBoC) – the country’s central bank and financial regulator – has released data that claims bitcoin trading in China’s fiat currency, the renminbi (RMB), has dropped below 1 percent of the world’s trading. The data ...

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Nebulas Selected by China’s MIIT in Global Public Chain Evaluation

The Global Public Chain Technology Evaluation aims to provide an objective review of the technological development of the top global public blockchains, and increase transparency into blockchain trends and innovations. The evaluation index will be released regularly every month. This will also provide consulting services for governments, enterprises, scientific research institutes and technologists. At the moment, 30 projects have been ...

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Nebulas selected by China’s MIIT in Global Public Chain Evaluation

Basic-tech. In the evaluation of basic-tech, it mainly examines the applicability, basic performance, safety and centrality of public chains. Within, performance is investigated from the aspects of block efficiency, network throughput (both theoretical and practical), transaction fees, etc. In the security level, the existing evaluation model focuses on architecture security, consensus security, digital signature and account security Applicability. In the ...

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Bitcoin Ranking | BTC Not Included in China’s Top Ten Blockchains

A new Bitcoin ranking has been released, and the BTC position might surprise you. Don’t worry, it’s overall placement is still number one by market cap, but China released a new listing of its top blockchains and Bitcoin didn’t fare so well. Spoiler alert – Bitcoin didn’t even make the top ten. Bitcoin Ranking By China The China Electronic Information ...

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China’s Latest Government-Backed Crypto Rankings Put EOS 1st, BTC 17th

The second round of China’s state-backed monthly ratings of cryptocurrencies and blockchain projects has been released, Cena News reported June 21. Dubbed the “Global Public Chain Technology Evaluation Index,” this latest round was announced at the Shanghai Science Hall on June 20, and ranks EOS 1st, Ethereum (ETH) 2nd, and Bitcoin (BTC) 17th, out of a total of 30 analyzed ...

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Bitcoin Miners in China’s Remote Regions are Undeterred By Restrictions

Open Positions at CCN: Full Time and Part Time Journalists Wanted. Though Chinese authorities have previously taken various measures aimed at curtailing the trading of cryptocurrencies, the mining of Bitcoin has continued unabated in some of China’s remote parts according to a Nikkei Asian Review report. These regions enjoy excess electricity supply capacity and are considered poor relative to the ...

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Blockchain Startup VeChain and Deutsche Bahn Develop DApp for China’s Logistics Industry

Singapore-based blockchain startup VeChain (VEN) and global logistics provider DB Schenker have co-developed a blockchain-based supplier evaluation system, according to a VeChain Foundation post published today, June 12. A new decentralized application (DApp) will use the VeChainThor blockchain to score DB Schenker’s third-party logistics partners in China based on collected data –  the result being an evaluation for services such ...

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China’s Largest State-Run Newspaper Calls for Cryptocurrency Regulation

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! There are indications that the Chinese government may be looking toward revisiting its controversial ban on cryptocurrency trading in favour of regulating the market. A May 30, 2018 editorial on Globaltimes.cn, a news website owned by People’s Daily – China’s official communist party newspaper ...

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China’s President Xi Says Blockchain Part of New ‘Technological Revolution’

President of China Xi Jinping openly praised blockchain technology during a speech May 28, as the technology continues to cement itself in the country’s future plans. Speaking at the Chinese Academy of Sciences’ nineteenth annual conference in Beijing, Xi included blockchain as an example of a “new generation” of technologies delivering “breakthroughs.” “Since the 21st century began, global scientific and ...

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